IRDAI takes a U-turn on multiple tie up model of banks
Earlier, the insurance regulator had proposed that banks could tie up with nine insurers.
by Team Cafemutual Jun 1, 2015
IRDAI imposes Rs.65 lakh fine on India First Life Insurance
The company was found to have violated various norms like soliciting insurance policies through unauthorized agents, luring employees of these banks with rewards and bundling insurance policies with bank products through its promoter banks, Bank of Baroda and Andhra Bank.
by Team Cafemutual May 28, 2015
IRDAI invites application for Insurance Marketing Firm
The insurance regulator has launched an online platform to accept registration from distributors who wish to float an Insurance Marketing Firm.
by Team Cafemutual May 27, 2015
IRDAI committee recommends uniformity in commission payout in health segment
A committee on health insurance has also recommended that the first year commission payout should be amortized and spread over five years.
by Nishant Patnaik May 26, 2015
